HILVERSUM, The Netherlands, September 24, 2013 - (ACCESSWIRE) - Readen Holding Corp. (OTC Pink: RHCO) subsidiary Yoho Telecom B.V has signed a 51% shareholder majority in Rainn B.V. an infrastructure specialist (GSM, WIFI, UMTS, LTE) currently involved with the delivery of WIFI in Dutch municipalities, railway and stadiums.
RHCO will issue 5 million shares and has made the commitment to invest one million euro in exchange for 51% of the Rainn B.V. shares. RHCO will commit to raise 5 million euro equity placed by private placements of RHCO restricted shares.
The company strongly feels that by combining the current activities, the RHCO group will be a "one stop shop" for clients. From the physical mobile phone to the high-speed glass fiber network, the entire array of services will all be available through the RHCO Group and its subsidiaries.
Rainn B.V. will offer a tailor-made design per site, facilitate other operators on their network and commit to the best possible signal, adding the possibility for a "private WIFI" not available to the general public for professional use (ex. Matrix screens, secure connections).
Acquiring Rainn B.V. is in synergy with RHCO's current subsidiaries line and will help in the goal of increasing the group's activities in their markets. Rainn will commit to realizing networks at multiple railway stations, placing 50 overhead portals and WIFI networks in 5 urban centers within the coming 36 months.
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Readen Group's mission statement is to be a valuable partner for customers in terms of technical flexibility, quality and competitive pricing through the complete value chain (SIM cards, mobile phones and applications).
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SOURCE: Readen Holding Corp.